Essay about the play Our town Example | Topics and Well Written Essays - 500 words - 1

About the play Our town - Essay Example Again the play deals with another theme that since life is transient, traditions and values of life also undergo changes. In Act I, the stage that represents Gibbs and Webb families is largely inactive and lifeless because of the absence of daily activities. After the manager’s short description, daily activities begin on the stage. Throughout the whole play the milkman, the paperboy, Gibb’s family pantomime their typical activities and household chores. At the end of this Act, the audience comes to learn about the romantic affair between Emily and George. Act II mainly deals with George and Emily’s ceremony and also their retrospective details of their relationship in the past. The manager narrates how things change along the passage of time. He describes how George and Emily go to schools together. In the past years affection grew between the two through different events such as being elected class president, treasurer, baseball leader, etc. Now they are going to be tied with marital bond. George’s future father-in-law informs him about the change in the traditional view about a bride. He says to George that his father advises him to use his wife as property in order to be happy in conjugal life. But he did not follow his advice; he is happy in his conjugal life. It essentially reveals that traditional views change along the passage of time. Act III deals with the funeral of Emily who died in childbirth. It is the most heart-touching part of the play. It crucially contributes to the development of the theme that life is valuable and should live his or her life to the fullest. Emily’s spirit does not want to join with the dead. She wants to revive the most pleasing parts of her life. Only now, the audiences are aware of the value and pleasures of life. The primary themes of the play have been worked out by the use of different imagery and symbols such as â€Å"morning†, â€Å"natural

Manners of Development of Conceptual Frameworks Research Paper

Manners of Development of Conceptual Frameworks - Research Paper Example Valuation concept, as adopted by both IASB and FASB under circumstances when historical values being replaced with fair market values, has been examined to find out the effects of such valuations. The concept of ‘economic income’ has gained importance under prevalent economic instability around the world. Accordingly, an effort has been made to review the capabilities of standards to measure the financial income, calculated using available standards, in terms of economic income. IFRS 1 has been amended to make ‘comprehensive income’ more presentable and useful to users of financial statements. These amendments have been critically examined in order to evaluate their achievements. IASB has adopted asset- liability theory, similar to the approach adopted by FASB in its framework, to develop the conceptual frame. This implies that the objectives of standards would only be to satisfy the needs of users of financial statements. Standards are not set to measure the management performance, though such measurement is incidental on the application of standards. This is rather a lopsided approach and not a comprehensive framework helping to set the standards. Fair value application is a welcome approach and in situations where fair values are not available or measureable, the proposal to use present value is a refreshing modern idea. Suddenly economic income concept has taken a central stage in world economies. The abilities in IASB and FASB standards to evaluate financial income in terms of economic income, particularly when presenting effects of non- owners equity on the comprehensive income, reveals the flexible approach adopted in framing the standards. Though bri nging amendments in the presentation of financial statements is an effort in the right direction and with a purpose, but the very first effort to amend IFRS 1 has proved to be infertile. Amendments have not brought any value additions to the presentation of financial statements.